EUR/CHF rising inside minor impulse wave (iii)

21:02 01.11.2017

EUR/CHF rising inside minor impulse wave (iii)

Next buy target - 1.1700

EUR/CHF continues to rise inside the minor impulse wave (iii) which reversed earlier from the support zone lying between the key support level 1.1590, 38.2% Fibonacci correction of the previous sharp upward impulse wave form the start of October and the sharp, upward-sloping support trendline from the middle of June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star. EUR/CHF is expected to rise to the next buy target at 1.1700.

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